Dave further stated The potential to expand the amount of products manufactured by BMG in the future represents a significant opportunity for Globus, and, at the acquisition price, is a compelling value.

With a dynamic roster of current artists, a catalogue that includes an incredible number of legendary recordings, and impressive capabilities in the areas of marketing, distribution and digital initiatives, we have everything we need to establish Sony BMG as the clear leader in the global marketplace.

We switched over to AOL because BMG distributes us and we wanted to work with a service that has a larger membership base,'' said Loud Records' Steve Rimland, senior national director of new media and retail promotions for the hip-hop label.

Under this new structure, BMG's North America operations will now include recorded music companies RCA Music Group (RCA, J and Arista), Zomba Label Group, and BMG Canada, as well as BMG Strategic Marketing Group and BMG Distribution.

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